Cleveland Fed warns AI infrastructure demand fuels inflation
Statements (6)
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Cleveland Fed President Beth Hammack warned that demand for artificial intelligence infrastructure is contributing to inflation.
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Fed's Daly says AI may lower inflation in 5-10 years
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St. Louis Federal Reserve President Alberto Musalem said it is risky to bet that artificial intelligence will ease inflation.
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Fed's Musalem says it's risky to bet that AI will ease inflation
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Fed's Musalem says officials cannot rely on AI boom to fix inflation
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Cleveland Fed AI model is 12 times more accurate than generative AI for forecasting inflation